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KICU
Jan 18, 2013 4:00am PST
. but ultimately you've got the debt ceiling coming up at the end of february, and we have seen this before angie: the market is very cyclical, and we've seen the market get up to these extended levels - and this is a pretty extended level, with a big run off of the november lows, where i was kind of seeing, like i said, call buyers in the vix, and kind of, there was an idea or inkling that the market was going to potentially pull back here a little bit over the next month. > good to have you on the show. that is dan deming of stutland equities. thanks. > > thanks angie. that's it for this week. coming up next week, how to get a seat in the business program room by warren buffett and goldman sachs that teachs entreprenuers how to go big. from all of us at first business, enjoy the long holiday weekend.
FOX Business
Jan 15, 2013 6:00pm EST
debt ceiling comes closer, will the white house use the nuclear option? does he have the legal authority to do so? that's next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ gerri: is another credit downgrade coming? fitch warning today they will downgrade the u.s. triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided
FOX
Jan 22, 2013 6:00am PST
the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related. we will keep checking in with them all morning long and keep you posted. ktvu channe
ABC
Jan 14, 2013 4:00pm PST
. he'll say what he needs to do before the debt ceiling comes up for a vote. >> clearly a lot of confusion about that. cuba's new law easing travel restrictions began today pechl are taking advantage of it. >> they stood in long lines outside travel agencies and the u.s. interest section.g1u in havana. animalla lifts do not expect a mass exodus but they have questions in recent weeks. >> bee jirngs china facing an air quality emergency. look at the pictures. 62q calling pollution there hazardous saying this is the worst it's been in china. residents saygjhr there is a burning smell in the air smrks highways are closed and flights, cancelled. pollution blamed on the rapid inr industrial growth. and a rise in car ownership. just to give you an idea of how bad it is, the air pollution indmechl beijing is at 755. now, anything over a scale of 300 is considered an emergency. by comparison the scale in the united states doesn't go over 500. >> royal baby news, duke and duchess's baby expected in ju. a spokesman for the palace says her condition is continuing to improve. following her s
PBS
Jan 14, 2013 5:30pm PST
not negotiate over the debt ceiling. congress has to do its job. >> woodruff: when it comes to the republicans jake sherman, you've been talking to some of the folks on the hill. they were digging in their heels just as much as the president was. what was their reaction? >> i think they have... they see this situation as three big issues: the government funding issue. that runs dry at the end of march. the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on at proect. so it's going to be one
PBS
Jan 14, 2013 10:00pm PST
term comes to an end. >> brown: the questions were domited by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> brown: congress has until march to raise the debt ceiling and prevent a government default. most republicans have insisted that with the government facing another trillion dollar deficit this year, any increase in borrowing authority must be tied to cuts in spending. the president flatly disagreed. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they'v
MSNBC
Jan 19, 2013 4:00pm EST
increase the debt ceiling for a period of three months and in that timeframe, the congress has to come up with a budget and that is a win from the democrats standpoint, but they do not like the idea of increasing the debt limit in increments. the question is, if it gets passed will it force both sides to come to the table on spending cuts within a matter of months when they take on the issue on of the budget and then of course, the sequester. that is the big question mark, you heard nancy pelosi saying she does not like the idea and i have spoke to republicans that do not like the idea of withholding their pay if they do not get a budget passed. peter king of new york said it's like bribery. so, while aides on the hill are saying they feel confident that this package package will make it through both chambers, we've to wait to see how it plays out. it's a victory on the democrat's standpoint, because you see a raise without dollar for dollar spending cuts. >> hang in a minute, i want to bring in dave, a political reporter, and msnbc. contributor. will the president pass this, with no mess
FOX Business
Jan 16, 2013 9:00pm EST
have our work cut out for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we'r
FOX Business
Jan 14, 2013 9:00pm EST
. coming gap, president of bond -- obama demanding part congress dr jobs and raise the debt ceiling. slip in the showers. lawsuits by prison inmates causing taxpayers more than $100 million. i'll break it down next. ♪ gerri: taxpayers on the hook for more than $100 million thanks to lawsuits from prison gerri: here at "the willis report" we bring you the stories of government abuse of our taxpayer dollars every day. today we have a doozy. they say crime pays and, boy, does it. inmates held at rikers island here in new york been suing the city for injuries they say they received in jail. now, some say they slipped on suppleness shower while others say the beds were too short and injured them. i kid you not. one fellow has been locked up in rikers since 2009 for apparently firing on to new york police department cops. he says a stop up rain in the shower cost of defaults. he says the city is at fault for not putting down rubber mats or those big orange hazard comes. people familiar with the sec in order prisoners share names of lawyers, even putting attorney contact information year
FOX Business
Jan 21, 2013 6:00pm EST
. coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " what do you think of the speech? >> audacious. one, it was an unabashedly progressive speech, shorn of the pose that's characterized as rhetoric. it also, i think, was audacious in its appropriation of the tradition of the american foundings. it was a direct challenge to republicans and the tea party saying you are obsessed with the founders. you are wrong. i am the one firmly within the tradition, and you are outside the mainstream, and you better get on board my program or hit the highway. gerri
FOX Business
Jan 21, 2013 9:00pm EST
, lift people out of unemployment, and bring a renewed energy to our country. coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a beer life. >>> from our fox business stios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " whato you think of the
ABC
Jan 20, 2013 11:35pm EST
documents and there are big fiscal fights coming up with the debt ceiling and running the government that will occupy his time. >> if you were a betting man what would he have success with/ >> immigration is the biggest one and republicans may support that. everything he talked about, i don't think in a year he'd pass it all. >> the innaaguration of 2013 -- they are making plans to make it go more smoothly and how the badnsnds are preparing. >> what a treat we had today lower sixties. big changes tomorrow. wait until you feel the difference. ♪ ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ >> tomorrow will see changes learned from 2008. the metro will allow drivers to pay for parking on their way out of the lots after people were waiting in line to park and spilled out on the interstates. but that is far from the only change. >> when president obama is sworn in gene a will be one
FOX Business
Jan 18, 2013 1:00pm EST
this debt ceiling fight. cheryl: they are coming up with at least a recommendation. i am sure there will be an argument in d.c. ashley and melissa have got you covered. ashley: another argument in d.c., never? melissa: shocking. [ laughter ] we do have breaking news. learning a vote on the debt ceiling coming as early as next week. the details of the bill and reaction from peter welch straight ahead. ashley: one american remains missing in the u.s. says they will not go she ate hostage swap with terrorists. stephen hadley is our special guest this hour. ashley: energy companies facing off against a formidable opponent. they are losing. ashley: do not mess with the chicken. that is all i will say. especially with the prairie chicken. time for stocks now as we do every 15 minutes. nicole petallides. nicole: we are not to far off the unchanged line. you sneeze and you are in the positive territory. intel has been weighing on the dow jones industrials. that has been one of the things holding them back. the s&p 500 right around the five year highs but pulling back as well. we have had ea
MSNBC
Jan 16, 2013 11:00am PST
ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups who are saying we shouldn't pick a fight when it comes to the debt ceiling. maybe it's better to pick a fight over shutting the government down rather than risking the default of the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it was republicans will get their day with the debt ceiling. now they will get their day with government shut down. >> you would chat with folks at the white house and president bush indicated this in the press conference he held.
FOX News
Jan 21, 2013 10:00pm PST
when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to
CNN
Jan 17, 2013 4:00am PST
around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and mult
CNN
Jan 20, 2013 3:00am EST
national interest. how are we going to see this ludicrous, childish behavior we saw over the debt ceiling argument, for example, come to an end and people get into a room and getting stuff done. that's the key thing, i think, for his second term. >> jamal alluded to a new strategy at the white house, which is going to be to go around congress and go directly to the american people. the white house believes the reason they got a deal in the 12th hour is because they went to the american people and the american people said by god, get something done. >> are they right? >> look, it did work. boehner has also indicated he's not going to deal with the president one-on-one. they're going to go through the regular order. the senate is going to have to do something, the house is going to have to do something. they're going to meet in congress and send it to the presidency. i think the president's legacy to go big, to get a grand bargain, to have long-term economic growth but also to have a legacy of fiscal sustainability could be his major legacy piece. and i think even though he wants to do guns, even though he wants to do im
MSNBC
Jan 15, 2013 12:00pm PST
, medicaid and entitlements and talking about the debt ceiling as beverage and then the continuing resolution funding the government and coming up for exwe ration in march and going up to the deadline, past that deadline, it is not good, results in a government shutdown, a temporary government shutdown and nowhere near as catastrophic in terms of debt default. do you sense that's where the debate is shifting? republicans more likely to take a stand along the continuing resolution than the debt ceiling? >> they're backing off from this notion we are not going to prove the debt ceiling. i think the reason is as opposed to the fiscal cliff where kind of corporations and the republican intellectual establishment when's left of it sort of saying, you know, do a deal. come together. rise above. all that sort of stuff but not really getting in to the specifics, now you have the corporate world, the business roundtable, the u.s. chamber of commerce, "the wall street journal" editorial page saying this debt ceiling thing and the ability of the government to pay the debt, that's not to be trifled with. don't take a hostage you're not will
NBC
Jan 15, 2013 5:00am PST
business but the next big fight developing and what lawmakers are saying about the debt ceiling debate coming up next. >>> more fallout for lance armstrong as he admits to doping. the toll it's taken on a bay area man who credit the cyclist with saving his life. >>> we take you live outside to san francisco for a look at the bay bridge. you can see traffic on the upper deck already in full effect. mike inouye will tell you about the roads. christina loren back to talk about weather. we'll have more coming up after this. >>> welcome back, everyone. a good tuesday morning to you. lit up by the port of oakland. changes in the forecast. we'll check them with meteorologist christina loren. it is 5:39. >>> a connecticut town now honoring a young teacher killed shielding her students in the newtown shooting massacre. the city council voting last night to name a new school building after victoria soto. her family says the honor will keep victoria's name alive forever. she was one of six staff members killed. soto grew up and went to high school in stratford. >>> the movie theater in aurora, colorado, wh
FOX Business
Jan 18, 2013 11:00am EST
fight and win the debt ceiling, the sequester. government budgeting the deadline hits march. one republican leadership says republicans are when it comes to the debt ceiling settling on a strategy. >> the one thing is we have set a structure moving a short-term so people don't have a fear economically of where we are and are able to move forward to solve this problem once and for all. rich: the strategy would be a short-term debt increased to work on the other spending points and come back to the debt ceiling perhaps in a few months. he says he is not sure when the timing of that vote would be, he only says sooner rather than later. connell: republicans have become of this retrieve a message that resonates with working people and says william berg is just group therapy. chris used to be al gore's press secretary, says the spectrum represented right here. i will allow you to go first for a little bit of fun. what do you mean by that? >> after the election were told republicans were going to do some soul-searching for the record low numbers of minorities that had voted. what we're seeing now, just heari justheard a few moments ar program th
FOX Business
Jan 22, 2013 4:00pm EST
business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's speech yesterday. the era of liberal system back and unabashedly far left of center inauguration speech. certainly brings back memories of the democratic party of ages past. if the president pursues that kind of agenda, obviously it is not designed to bring us together. >> house speaker john boehner is meeting with the house republican conference right now. according to a source in the room boehner is calling for
FOX Business
Jan 20, 2013 8:00am EST
worse than raising the debt ceiling is having default or crisis. the government gets their debt rating lowered again to the point they can't get lower rates, that means the mortgages rates and housing is coming back. it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea.
FOX Business
Jan 14, 2013 10:00pm EST
host, president obama demanding congress raised the debt ceiling. when we come back we will be telling you about the lawmakers who he has informed he will miss his own budget deadline. it is actually a legal deadline, but you know, that is a minor technicality for the salmon restoration. the "a-team" takes up that technicality and more n ♪ lou: let's get to the "a-team" right now. former congressional candidate, fox news contributor. thank you for being here. let's start with the president saying that the issue here is not the second amendment. it's about taking away. what is the deal. why is he not being straightforward? >> because he is president obama, and that is who he is. i saw the rev. earlier talking about the moderator. he blamed the shows. chicago is the murder capital of the world, and the fact is a dove -- does have tough gun laws. the hollies, game makers, they're not going to the gun shows. lou: mentioned why the president has not even mentions the awful murder rate in chicago? much of it very near the neighborhood in which she worked for years. >> was to have a gun sum
MSNBC
Jan 14, 2013 5:00pm PST
ceiling. >> now, the other congressionally imposed deadline coming up is the so-called debt ceiling, something most americans hadn't even heard of before two years ago. so i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to tax and spend to the congress, and the congress alone. our current deficit is the result of money congress has already borrowed. president obama explained to the american people today how republicans in congress are trying to avoid doing their actual jobs. >> these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cann
FOX Business
Jan 18, 2013 4:00pm EST
ever seen it in the 12 category. the house looking to vote on raising the debt ceiling next week looking for a temporary, temporary three month increase. coming up we will find out what representative thinks about the plan and why she is looking to get rid of the debt ceiling all together. liz: plus we have the bond king of canada who knows plenty about our markets. five years ago he said that investors had the opportunity of a lifetime to buy stocks, just as we hit bottom, and we saw that bubble explode. well, he was right. now, what is he saying? 2013 holds the second buy of a lifetime? what is it? and how can you take advantage of it? he is here to talk about it. david: liz has that interview all to herself because i can't begin to pronounce his name. let's tell you what drove the markets. mixed day on wall street with s&p and dow closing in the green. all three major indices ending the week higher. industrials and energy were today's top performing sectors while technology was the only sector ending the day lower. and oil ending the week in the green after the international energy agency raised its global oil demand forecast for the whole ye
CNN
Jan 23, 2013 12:00am PST
you have your battering rams ready for the president? the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12
FOX News
Jan 18, 2013 3:00pm PST
a blank check but told "houston chronicle" editorial board, "we will raise the debt ceiling. we are not going to default on our debt." he went on to say "i tell you unequivocally we are not going to default." cornyn notes there will be tax revenue coming in and said it may be necessary to partially shut down the government to secure the long-term fiscal well-being of the country. white house aides just want congress to get it done. >> the point is without drama and delay, monthly extension is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt limit deal without delay. leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit do
NBC
Jan 20, 2013 4:00pm PST
have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the president. frankly, and russ say
CNBC
Jan 15, 2013 12:00pm EST
production numbers have helped gold and uncertainty come in along with debt ceiling and debt negotiations. i think it's helped gold also as people look for safety. >> do you agree that the platinum and rally has helped gold and do you think we can look at this platinum rally and make a bigger indication of what is happening in the economy? some people say it's an indication that things are really turning around? >> jackie, i think it's too heavy. the anglo american platinum pulls off 400,000 ounces of platinum per year. that's almost 7% of global demand -- production, rather. that sends the market up. when i got up this morning and looked at the screen, platinum made that 3% today. i looked at the metal sector and looked at things that were undervalued. i think gold short term will benefit but long term i think platinum is going to be a better bet. if platinum stays higher, than going through the latter part of the year, that could signal a change in the market sentiment. gold is your fear and platinum is going to be demand in manufacturing. that could signal a change but not
MSNBC
Jan 19, 2013 12:00pm PST
, i mean, if we have a clean debt ceiling bill that comes forward and it's only for three months, that's something that i certainly would consider, but to tie a rise in the debt ceiling to decreasing spending on programs that benefit the middle class, i think it's the republicans' ultimate objective and i certainly do not support that. so we can postpone the day of reckoning, kick the can down the road as this -- the 112th congress did and as the 113th congress -- >> congressman, i didn't mean to cut you off there, but i do want to follow up to something you said, do you support cutting spending at all? do you support cutting any aspect of spending? >> i think that's a legitimate topic that should be under discussion. i think there is a lot of room in the defense budget for cuts, but our primary focus in terms of the economy should be job creation. so that means that the government has to spend in order to create economic stability. economic progress. we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're g
MSNBC
Jan 22, 2013 7:00pm PST
. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one that should be made by women. >> when times change, so must we. >> this time, all the president had to do to make republicans surrender was take the oath of office. today, house republican list leadership made th
CBS
Jan 23, 2013 12:00pm PST
reached a deal on the debt ceiling but there's a catch. the latest from washington. coming up next. >> from the cbs 5 weather center, good afternoon, everyone. sure, we have some rain showers in and around the bay area. that's our live camera looking out towards mount vaca. the rain and how long it will stick around as eyewitness news continues right here on cbs 5. about to pay more the next time you mail. the u-s postal >>> hope you stocked up on forever stamps because if you didn't, you're about to pay more the next time you mail out. the u.s. postal service is upping the cost of a stamp by a penny this weekend. now it will cost 46 cents to send a letter. 33 cents for a postcard and for the first time ever, the postal service is going to start offering a global forever stamp for $1.10. >>> there is a truth in the battle over the debt limit. the house passed a bill that business the country another 4 months before default but the measure forces the senate to do something it hasn't done in four years. cbs news reporter randall pinkston explains how republican leaders in the house n
FOX Business
Jan 19, 2013 5:00am EST
their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal go like a pro. at legalzoom, we've created a better place to handle your legal needs. maybe yo
FOX Business
Jan 18, 2013 9:00pm EST
at the day. they just moved it back. gerri: what do you think? should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have controlf the senate is that harry reid has said democratic senators in the witness protection pogram with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 161 days. let me get a comment. it wouldstop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for two reasons. senators have not been doing democratic le
NBC
Jan 18, 2013 5:30pm PST
party is trying to avoid being seen as obstructionist in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing stand tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected
CSPAN
Jan 19, 2013 10:00am EST
arrangement. and we have the infamous debt ceiling that will come into play. we will see a lot of activity in the next few months, debates about the purpose of the government, about the size of the deficit, and a lot of back- and-forth over these three issues. i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the de
FOX Business
Jan 23, 2013 6:00pm EST
through this preliminary skirmish by putting off the debt ceiling for four months or three months, but in the and we're still going to have a budget fight about what is actually in the budget. that is still to come. gerri: to you. >> the good news is we have two other opportunities in which we can address the spending problem. the debt problem of the half. on march 1st the sequester cuts, the automatic spending cuts come into affect. people hold the line, those will be -- [talking over each other] >> a little bit. less than half. that can be adjusted later with an emergency supplemental if there are serious problems. secondly, march 27 the government runs out of money because we have not had the budget the last three or four years. really been operating by continuing resolutions that continue spending at the same level. their i think republicans are on strong ground saying we need to have spending cuts your. not just the rich but social security payers. so i think this is only the third option that we are going to have the debt ceiling. gerri: you're telling me my life could be filled with this for months to come. >> look, it took us 20 years to dig into this whole and it will take us 20 years to get o
MSNBC
Jan 19, 2013 8:00am EST
their job. no budget no pay. the president's apparent victory in the debt ceiling skirmish comes three days after the house finally passed a $50 billion aid package for victims of hurricane sandy that the white house had proposed. the vote on tuesday was another show of weakness for republicans as the gop leadership let the bill come to the floor despite the fact that only a small fraction of republicans supported it. the bill passed with 241 votes in the house only 49 of which came from republicans out of a total of 240 republicans in the house. the decision to bring the bill to the floor was a violation of the so-called hastert rule named after former republican house speaker dennis hastert who says that a bill should never be brought to the floor unless a majority of the majority can support it. the apparent disunity within the republican caucus offered house democrats the faint hope they might have a bigger role to play in the new congress than as the house minority over the past two years. the house democrats' new role in fact may prove crucial in the next major legislative battle
FOX Business
Jan 23, 2013 11:00am EST
connell, it is yours. connell: congress set to make a move on the debt ceiling. art laffer is coming up. dagen: playing some defense. the jpmorgan ceo lashing back at critics. more regulation is needed. connell: testifying on the benghazi attack and why moore could not have been done to save americans who died in libya. we will talk about that. dagen: stocks now and every 15 minutes. nicole: we are seeing the dow and the s&p hitting five-year highs. we are in quite an environment. nowhere near that 6500 mark where we were for the dow. we have seen a lot of names on the dow doing well today. microsoft, united, disney. we have had earnings season. we are all waiting on the debt ceiling and, obviously, that is something that looms over. google is up 6% now. as we await each one, it certainly can be a market moving event. after the bell, we will have apple and netflix. dagen: ridge edson is standing by on capitol hill with much more. rich: nothing is really set in stone. this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a b
MSNBC
Jan 15, 2013 12:00am PST
because i knew that the real fight was going to come on this debt ceiling. and they think that this is the way. now, it's like handing the keys to a john deere tractor to a 6-year-old and let him try and drive it. these guys, they have no idea what they're doing to the economy. and they will wreck it because they think that that way they'll get their way on some other things. it is simply -- you can't -- if the facts made any difference, the president would win the day totally. but the facts don't -- it doesn't make them move at all. they simply believe that if they are tough enough and bring enough chaos, they will get what they want. and they don't understand what they're asking for. it is really scary to me. >> well, it's scary to a lot of americans, because it will hurt a lot of people. but why would they do this? do they want the big three that bad? do they want sequestration that bad? do they really want these cuts to hit? because if you look at the cuts, if we go down that road, it's going to hit the pentagon pretty hard. and that's, of course, their core. they don't want to let tha
ABC
Jan 21, 2013 5:00am EST
fight over sequestration and the debt ceiling. >> all the good feeling that comes with somebody like president obama in his first time around, a lot of that has dissipated. at the same time, there will be an actual drop off in excitement, just because someone is going through this for the second time. they have some critics they did not have four years ago. >> absolutely. that is a natural progression for any presidential term. and its advisers have indicated that he will try to work more with congress in the upcoming four years. it will be interesting to see how he tackles that in his speech today or is that comes up at all. >> we look forward to it. lana, thanks so much. this is very different in so many ways. we will talk more about that throughout the show. back to you. >> thank you. in other news, barbara walters of abc is in the d.c. hospital after falling at an inauguration party at an ambassador's home. an abc news spokesman said the 83-year-old fell on saturday night on the steps of a residence of britain's's ambassador to the u.s., leaving walters with a cut on the for
CSPAN
Jan 15, 2013 6:00am EST
as part of the fiscal cliff arrangement, and we have the infamous debt ceiling, which will come into play. so we will be seeing a lot of activity in the next few months, debates about people criticize the government, about the size of the deficit, and it a lot of back and forth over these three issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very imp
PBS
Jan 21, 2013 6:30pm PST
. we saw it work for the fiscal cliff debate. seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him to act on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared t
FOX Business
Jan 15, 2013 11:00am EST
coming under the pressure. the debt ceiling remains in focus. it is earning season. let's take a look at facebook. it is up about three quarters of 1%. it certainly has gained over the last half hour. we are getting closer and closer to the launch time. come and see what we are building. there is speculation that remains. the anticipation remains. dagen: trying to strategize on how to rein in government spending. connell: rich edson with all the details. rich: a very busy legislative day. they are dealing with this handy appropriation bill. republicans are discussing a number of different options. there is a major house republicans of that. their annual retreat takes place on wednesday. >> when does this budget balance? here is when the budget gets to balance if we adhere to these cuts. rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare sp
NBC
Jan 19, 2013 5:30pm PST
republicans with a series of big stand 1y5u6s coming up, starting with the debt ceiling. all of this about the budget which could quickly overtake the second term. >> david gregory, thanks very much. i want to let folks know, tomorrow morning on "meet the press," david will be joined by senator chuck schumer of new york, head of the joint congressional committee on the inaugural and ted cruz, the new republican senator from texas. >>> and for washington, the second time around is never quite the same as the first time a president is inaugurated, but still there is an air of anticipation and excitement as this city prepares. nbc's ron allen has that story for us tonight. >> reporter: it's estimated half a million people may attend president obama's second inauguration. what maybe the largest crowd ever for a second swearing in. >> i'll take it to my grave that i was actually here during this event. >> i'm really excited for his second term, and i have high hopes. >> i, barack hussein obama -- >> reporter: four years ago, people gathered for one of the greatest historical moments. historians
LINKTV
Jan 21, 2013 2:00pm PST
. we saw it work for the fiscal cliff debate. seems to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there
FOX News
Jan 18, 2013 10:00am PST
ceiling debate coming in the weeks ahead and you'll remember at a previous jobs council meeting, the president made a comment that back fired on him and to what jay carney said about the president and the economy. >> shovel ready was not as shovel ready as we expected. >> the reelection was in some ways for all of us here, you know, a humbling experience because it was an assertion by the electorate to said despite how hard the last four years have been on this country because of the great economic crisis that we were in when the president took office, that the steps that we've taken have been the right steps, and more work needs to be done. >> more work needs to be done. when you talk to the president's top advisors, they say he wants to act quickly after the inaugural address and state of the union coming up in february to work on key domestic issues like immigration he reform, like gun control that he's been talking about throughout this week, but he realizes as well, they say, that he's got to keep his eye on the ball in terms of the economy, the jobs crisis, even though unemploy
CNBC
Jan 22, 2013 4:00pm EST
an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, b
CNBC
Jan 15, 2013 3:00pm EST
of these earnings coming out from the banks this week as ahead of that debt ceiling debate? >> sure, maria. our equity portfolios are fully invested. we see no reason 2013 can't deliver very similar returns as 2012 did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited
CNBC
Jan 21, 2013 4:00am EST
the debt ceiling is going to come back in focus in the u.s. and that's going to perhaps drive us into a pretty good correction over to near term, but that would set us up for the resumption of longer term. >> preparations are under way in washington for the public inauguration of president obama's second term. so just what will the next four years bring? here is a reminer at least in terms of markets as to what's happening during president obama's first term. we've got a did you mean double b for the nasdaq there, a 75% gain for the s&p, 65% for the dow jones industrial average. same vote, of course, lifting oil. those prices up significantly over the last four years with brent in particular up almost 60%. nymex up 35%. will it be four more years of the same? joining us now is hugo dixon, editor at large reuters news and pippa maumgren. hugo, do you read these levels sass a verdict at all of what president obama did or do we ignore presidents when it comes to market trading? >> well, no, i think he deserves some of the credit. he did help stabilize the situation. bush had done a littl
NBC
Jan 14, 2013 6:00pm PST
:00. >>> still ahead, debt ceiling deja vu. from social security to interest rates, the president lays down the law and the cuts that could be coming our way. but is the situation as dire as they make it? >>> a somber anniversary in newtown as parents mark one month since their children were killed. their new proposal today and the unthinkable has happened again. a brutal gang rape in india that started with just a bus ride next in "world tonight." >>> also, he used to shoot with his gun. now this former cop uses his camera to shoot 49ers games. >>> welcome back. now if you thought the doomsday scenarios were bad under the fiscal cliff, just wait for what's coming next. >> the debt ceiling talks are under way. president obama warns the dire consequences if congress fails to raise our borrowing limits. in tonight's reality check, sam brock explains why most people should just take a deep breath. sam? >> raj, it would be therapeutic if nothing else. there is certainly little refuting the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the
CSPAN
Jan 14, 2013 8:30pm EST
forward. >> president obama nor congress and the debt ceiling? >> i would hope that it wouldn't come to that. but if it has to, then it must. you know, we can't let extremist put us into default and play chicken with the full faith and credit of the united states of america. that's what they are. people talk about this, and i have been watching the last two days -- when i hear that people say let's just go into the fall, i say this person is from another planet. this person is not from this planet are you the notion that we would do that boggles the mind and good common sense of the vast majority of americans. >> what is your perspective on america's melting pot being better reflected in small towns were rural america? what would civic leaders learn from that experience of small-town mayors. >> well, i think we are enriched. i know that i am. my kids have grown up and i tell people, you know, my kids have been in the homes of persians and iranians and armenians and koreans and filipinos and mexicans and italians and greeks and jews and muslims and we are enriched. when we experience oth
CNBC
Jan 16, 2013 6:00am EST
because the debt ceiling concern and talks, it's been pretty much nonexistent on the industrial -- >> the markets at fresh five-year highs. >> yeah. it's all because we had the fiscal cliff. and it was so volatile coming into it. we saw some massive swings and massive breakdowns coming into it. it seemed like the market was all over the place. with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people looking at u.s. equities over the safety play. they'll start coming in, they'll buy. it i think it's going to be a good year for the s&p this year. >> what does earnings season do? hearing from jpmorgan and goldman sachs, the financials have been a driver of major averages moving higher this year. >> yeah. a lot of people have such a low bar set for the financials. they've been under pressure for what s
Current
Jan 15, 2013 3:00am PST
would rather shut the government down, breach the debt ceiling and see what happens. >> bill: when it comes to the debt ceiling as the president pointed out yesterday over and over and over again because he kept getting asked the same question at the news conference, raising the debt ceiling does not say we are increasing spending. in any way whatsoever. it does not mean spending. what it means is -- congress authorizes spending. they demand spending on defense or on whatever the program happens to be. a new war. a new tax cut for the rich. they demand the spending. and then they have to -- it comes time to pay the bills. raising the debt ceiling means we agree we're going to pay the bills that congress has already spent. right? we're going to pay for the stuff that congress has already bought. as a president i thought it was an excellent analogy yesterday. you don't go to a restaurant and order a fine meal and then say i'm going to start cutting back right now. i'm not going to pay for that meal. you already ate it, babe! right? >> that's right. how fiscally conservative for them to say we're
PBS
Jan 19, 2013 2:00am PST
ceiling. this is one of the reasons the inauguration comes at such a dreary times. we just had this boring fight. >> i thought it was exciting . >> that's not exciting lemplet -- that's not exciting. >> he clearly has a different idea of exciting. >> there was a fight about the sequester and the regular roll budget. the debt ceiling is one where real ugly consequences were likely to happen. an they were likely to get blamed. they want to move that to the last of fights. . it's still going to be the same fight over how do you distribute resources in the time of scarcity? >> president obama stared them down on this. he said i'm not going to negotiate. a i'm not going -- this is a separate thing unnegotiateable. they said we're decoupling it from the immediate to other showdowns coming up. >> yeah, and here's the one opportunity, i think the republicans want to say, ok, the fight has been internal for republicans. fine, democrats. let's see what you do on entitlement. let's go. you keep putting it on the table. >> is he coming back to leverage? >> because of some of the points that hav
CNBC
Jan 15, 2013 4:00pm EST
move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten years from now. >> these are long-term projects. thes
CSPAN
Jan 16, 2013 7:00am EST
washington journal this morning as well. two members of congress. continuing with the debt ceiling, the financial times this morning reports -- on the nomination of chuck hagel, a former nebraskahe ka senator.m he won the support of two key members. his opposition so far has come almost entirely from fellow republicans. those are some of the headlines this morning in the papers. back to our question, do you support executive action on gun- control measures? now to an independent caller. caller: hi. i just wonder if there are any human beings left. the underlying issue has very little to do with politics. considering what just recently happened and why everybody is talking about gun-control. gun-control does not mean eradication of the second amendment. do people expect our president to do nothing about thit? it seems like every time people talk about guns, is such a sensitive issue. there are more sensitive issues, kids growing up in poverty, and being exposed to all these elements, degeneration getting worse and worse. those are the real sensitive issues. when you talk about guns and gun control and prohibiting the purchase of guns to people who should not really have them , that is logical. that is not something so hard to understand. host: mitch in las vegas is a
MSNBC
Jan 15, 2013 3:00am PST
debt ceiling without having democrats come forth with a budget and the president of the united states coming forward with a plan to save medicare, medicaid and social security. we had irs skin bow er sk erskine bowles on. and steve rattner agrees and good democrats agree medicare and medicaid are going to bankrupt us. this president is doing absolutely nothing at all! nothing at all to save us from the debt crisis. >> in fairness, that's two separate conversation, the debt ceiling versus how we balance the two programs, i should say create reforms there so we can create new savings. you know as well as i do, the debt ceiling, they ran these bills up a long time ago. whether they should have or not and whether the president should be more responsible in this conversation, i would agree with you. to reduce the debt ceiling, we talked to businesses outside of new york, if we don't raise the debt ceiling, it's a potential, reality for wrecking -- >> that's the wrong time. >> the debt ceiling is the wrong time to do it. >> saying you can't do it with the debt ceiling, can't do it with the
MSNBC
Jan 18, 2013 10:00pm PST
new strategy. i mean confronting -- everybody is talking about okay, now here comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system will come into washington by television and say oh, my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible. >> the only problem for john boehner and company, you couldn't just tell them they can't. they wouldn't accept that. so at the retreat this weekend, house republican leaders have been trying to coax their leaders down from the tree, not all the way, not completely on to solid ground, but maybe on a more secure branch. house majority leader eric cantor said next week, we'll authorize a three-month temporary debt limit to give them more time. further if they fail to pass the budget in that time, the members of congress won't be paid by the american people for failing to do their job. no budget, no way. so in other words, house republicans say they will raise the debt ceiling at least for now, raising it without actual passing of the equivalent number of spending cuts. you have to get every dollar for debt ceiling increases. they say the debt
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